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Keel
Ledger
64,492,833
Methodology
1.0.8-draft
Age
3s

GOLD against USDC — what depth stands behind this price?

How has this moved over time?

Price

Mid price
106.87578 USDC

Higher than at the start of the window

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

2% from mid
0 USDC
5% from mid
114.96 USDC (shortened; full value 114.9671661378319908835124974315 USDC)
10% from mid
235.70 USDC (shortened; full value 235.7083583910615880202441568253 USDC)

Lower than at the start of the window

Cost to move the price by half

One manipulation rung, at the delta the engine treats as critical. A reading it could not produce breaks the line rather than sitting at zero.

Manipulation cost, 0.5%
1,497.26 USDC (shortened; full value 1497.2608499653737 USDC)

Higher than at the start of the window

Collateral ceiling

Max safe collateral
8.72 USDC (shortened; full value 8.7202745876216175043706137187516206835678772590175 USDC)

Higher than at the start of the window

2026-09-17T16:45:38Z2026-09-18T16:30:43Z

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

MANIPULATION_CHEAPthroughout
THIN_DEPTH_5PCTthroughout
ZERO_DEPTH_2PCT2 of 25

25 readings from horizon, with no gaps reported. One source per chart.

How much can this asset safely back?

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

Risk band

Critical

partial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

8.73 USDC (shortened; full value 8.736780982310438010895234399110858539545665418719 USDC)

Limited by liquidation depth

Liquidation termbinds
8.73 USDC (shortened; full value 8.736780982310438010895234399110858539545665418719 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
374.31 USDC (shortened; full value 374.315212491343425 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.
  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
6.00 USDC (shortened; full value 6.00026020717446701405951052792900245834944016808 USDC)

5% from mid

Buy side
114.93 USDC (shortened; full value 114.9339646533492862054281799294 USDC)
Sell side
10.24 USDC (shortened; full value 10.249675617835449875324263982635187518706739671862 USDC)

10% from mid

Buy side
235.67 USDC (shortened; full value 235.6751601666855691761988556127 USDC)
Sell side
17.47 USDC (shortened; full value 17.473561964620876021790468798221717079091330837438 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.
Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
0.5%160.31367 USDC1,556.86 USDC (shortened; full value 1556.8633299322733158770676654027 USDC)1,497.26 USDC (shortened; full value 1497.2608499653737 USDC)
1%213.75156 USDC1,967.88 USDC (shortened; full value 1967.8844703422151327176119122216 USDC)1,855.31 USDC (shortened; full value 1855.3145196653737 USDC)
10%1,175.63358 USDC2,502.64 USDC (shortened; full value 2502.64357166216837840081112293 USDC)1,858.23 USDC (shortened; full value 1858.2395196653737 USDC)
100%10,794.45378 USDC4,524.80 USDC (shortened; full value 4524.8095794506897715441267621283 USDC)1,998.07 USDC (shortened; full value 1998.0720172906017 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.
Largest holder
not computed
Top ten holders
not computed
Concentration index
not computed

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

Of 30 day volume. A high share indicates suspected wash trading

Volume to supply, 30 day
not computed
Last genuine trade
not computed

No genuine trade was found in the window